XCEL BRANDS, INC. Receives NASDAQ Notice Regarding Late Form 10-Q Filing
XCEL BRANDS, INC. Receives NASDAQ Notice Regarding Late Form 10-Q Filing
Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the Tower Hill by Christie Brinkley co-branded collaboration, and holds noncontrolling interests in the Isaac Mizrahi brand and Orme Live. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of live-stream and social commerce. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) ("Xcel" or the "Company"), today announced that on November 25, 2024, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), because it had not timely filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Form 10-Q"). The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market.
紐約，2024年11月27日（GLOBE NEWSWIRE）——Xcel Brands, Inc.（納斯達克股票代碼：XELB）（「Xcel」 或 「公司」）今天宣佈，它於2024年11月25日收到了納斯達克股票市場有限責任公司（「納斯達克」）的拖欠通知信，表明該公司沒有及時提交《納斯達克上市規則》第5250（c）（1）條其截至2024年9月30日的季度10-Q表季度報告（「10-Q表格」）。納斯達克通知對公司普通股在納斯達克資本市場的上市或交易沒有立即影響。
Nasdaq has informed the Company that it must submit a plan of compliance (the "Plan") within 60 calendar days, addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 calendar days from the Form 10-Q original filing due date, or until May 19, 2025, to regain compliance. The Company intends to file its Form 10-Q as soon as practicable and, in any event, within the 60-day period referenced above, and thereby regain compliance with the Nasdaq continued listing requirements and eliminate the need for the Company to submit a Plan.
納斯達克已通知公司，它必須在60個日曆日內提交合規計劃（「計劃」），說明其打算如何恢復對納斯達克上市規則的遵守，如果納斯達克接受該計劃，它可能會批准自10-Q表最初的提交截止日起最多延長180個日曆日，或延長至2025年5月19日，以恢復合規。該公司打算儘快提交10-Q表格，無論如何都應在上述60天期限內提交，從而恢復對納斯達克持續上市要求的遵守，無需公司提交計劃。
About Xcel Brands
關於 Xcel 品牌
Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the Tower Hill by Christie Brinkley co-branded collaboration, and holds noncontrolling interests in the Isaac Mizrahi brand and Orme Live. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of live-stream and social commerce. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.
Xcel Brands, Inc.（納斯達克股票代碼：XELB）是一家媒體和消費品公司，從事品牌服裝、鞋類、配飾、高級珠寶、家居用品和其他消費品的設計、許可、營銷、直播和社交商務銷售，以及收購充滿活力的消費生活方式品牌。Xcel 成立於 2011 年，其願景是將購物、娛樂和社交媒體重新定義爲社交商務。Xcel 擁有 Halston、Judith Ripka 和 C. Wonder 品牌，以及克里斯蒂·布林克利聯合品牌的 Tower Hill，並持有艾薩克·米茲拉希品牌和 Orme Live 的非控股權益。Xcel還通過其在Longaberger Licensing LLC的控股權擁有和管理Longaberger品牌。Xcel正在開創一種真正的現代消費品銷售策略，其中包括通過互動電視、數字直播購物、社交商務、實體零售和電子商務渠道推廣和銷售其品牌的產品，使其遍及客戶購物的各個地方。該公司的品牌僅通過互動電視和數字頻道的直播，以及超過20,000小時的直播和社交商務，就創造了超過50億美元的零售額。Xcel Brands總部位於紐約市，由一支高管團隊領導，該團隊擁有豐富的直播、製作、銷售、設計、營銷、零售和許可經驗，在提升品牌消費品公司方面有着良好的成功記錄。
For further information please contact:
欲了解更多信息，請聯繫：
Seth Burroughs
Marketing and Public Relations, Xcel Band, Inc..
347 532 5894
sburroughs@xcelbrands.com
塞思·伯勒斯
營銷和公共關係，Xcel Band, Inc.
347 532 5894
sburroughs@xcelbrands.com
